Birdwatch Note Rating
2023-07-31 09:05:27 UTC - HELPFUL
Rated by Participant: AEFB6F0375B02D0A7D1092DF9DECDA741797C07DFA1FC32789870F0245E749D0
Participant Details
Original Note:
AMC does not get any cash from the conversion. The market cap of AMC, however, will go up by the value of the APE shares upon conversion, although this gain will not be realized by the company. Sources: https://s25.q4cdn.com/472643608/files/doc_downloads/2022/AMC-Preferred-Equity-Unit-Dividend-SEC-8-K-Filing.pdf https://s25.q4cdn.com/472643608/files/doc_downloads/2022/ape_dividend_faq.pdf
All Note Details